The penalty was for not providing adequate points of interconnect (PoIs) to Reliance Jio for completing phone calls.

A leading news agency quoting TRAI said that the three incumbent operators “Intentionally denied and delayed” provision of points of interconnect to Reliance Jio “only to restrict a new entrant… causing a lot of inconvenience to consumers”.

The stock of Bharti Airtel was trading lower at Rs 360.7 per share down by 2.1% and Idea Cellular was trading down at Rs 75.80 per share down by 3.8% on the NSE in opening sessions of trade on Thursday.